Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 04/12/2024, 05:39:36 UTC
⭐ Merited by AlcoHoDL (1)

Are you looking to follow this pattern 2021?

Do not judge price I mean follow the trend.

Don't think you got it all figured out just because you see a prior pattern. 

Sure bitcoin tends to follow previous patterns, but each of them is different too, so we still cannot know if the top will come early or come late, which can make the pattern feel different even though when we are able to zoom out, it will show a lot of similar signs as the previous pattern.

[edited out]
Yeah mate, I'm good, but ya know, you always want more

Fair enough.

Meh, bit of downwards pressure at the moment. Seems we still have lots of weak hands willing to dump their bags before we hit $100,000 and surge into the most exciting part of the bull run. I’ll never understand the psychology of some people.

It’s Downcember so far but I still fully expect to see a green monthly candle to confirm Pumpcember 2024 becore moving into a life changing year for many of the WO here.

Strong hands boys.

I can see you getting worked up... which kind of reminds me of some of our members sometimes giving hints (and even sometimes saying how many BTC that they had), and you know over the years, we have continued to have so much UPside BTC performance that our BTC stash size is way BIGGER than what we even need.... so for example, if someone was close to 100 BTC or even exceeding 100BTC, but had a life style of a person who lived off less than $100k per year, then surely such a person has enough and/or more than enough BTC whether the BTC price goes shooting up or not... 

There were even some members who were getting worried about whether something like 50 BTC was going to be enough.. .. and surely the answer is seeming to be clear that even 50 BTC is enough and perhaps even more than enough.

I am not suggesting to stop accumulating on dips and things like that, but when the BTC price is going up, any of the ones with more than enough BTC can shave small parts of their stash, and don't have to worry if they sold 0.1 BTC to 1 BTC at $60k or at $90k, or at $150k or at $250k... yet there is something still built into some of us that we would prefer to sell fewer BTC, especially when we already have decently good ideas that the sales price for that same shavenings is going to be better at the higher price levels.

So the equivalent guy who had double of more than enough would even be less worried, even though many of us might find ourselves with more BTC than we really need... there is some thanks in that with the floor moving up more than 50% and I really have my doubts about sub $65k ever being seen again... even though I would not bet on it, even though I would bet on sub $55k never being seen again. 

@DragonvsLinux?  where are you? for the helping of the framing of these bets, that you wouldn't end up taking the opposite side of it, anyhow?  Hopefully, you did not learn your lesson about selling too many of your coins in the mid $30ks, since you said that you "Only" sold the excess... ..   hahahahahahaha.. whatever that means?  Does those coins that you sold in the mid-$30ks still feel like they were "excess," now?  #askingforafriend.

Oh god a downwards death spiral.
Sell sell sell

Or buy the dip and hodl
Your choice.

What a dilemma!!  For some, folks.

...Imagine my disappointment waking up to reality and all we have is the looming fear of WW3 and Bitcoin is still not 100k. I feel cheated.

Don't feel so bad.

$100k is just a number.

And in fact such number is not very far away from our current $96.4k number.